Linde plc (NASDAQ:LIN) Shares Purchased by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC boosted its position in shares of Linde plc (NASDAQ:LIN) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,221 shares of the basic materials company’s stock after buying an additional 52 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Linde were worth $1,059,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its stake in shares of Linde by 46.9% during the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after buying an additional 15,393 shares during the period. Vident Advisory LLC raised its position in Linde by 40.7% during the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after acquiring an additional 2,337 shares during the period. Choate Investment Advisors lifted its holdings in Linde by 23.6% during the first quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock valued at $8,366,000 after purchasing an additional 3,437 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Linde in the first quarter valued at about $5,041,000. Finally, Tidal Investments LLC grew its position in shares of Linde by 28.7% in the first quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock valued at $9,319,000 after purchasing an additional 4,479 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Linde Stock Up 0.1 %

NASDAQ LIN opened at $486.45 on Friday. Linde plc has a 52 week low of $361.02 and a 52 week high of $487.49. The firm has a market cap of $233.82 billion, a PE ratio of 37.74, a P/E/G ratio of 2.99 and a beta of 0.94. The business’s fifty day simple moving average is $469.63 and its 200-day simple moving average is $450.58. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. Linde’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.57 earnings per share. As a group, equities analysts anticipate that Linde plc will post 15.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th were given a $1.39 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a yield of 1.14%. Linde’s dividend payout ratio is currently 43.13%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Bank of America raised their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Citigroup lifted their price target on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Barclays increased their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Linde Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.